From the Bookshelf

The chapters on corporate debt analysis in “How to Make Money With Junk Bonds” by Robert Levine (McGraw-Hill, 2012) are helpful to bond and stock investors alike. Levine, a high-yield manager, provides an easy-to-follow method for both determining whether a company has too much debt and assessing the odds of the debt being paid off in the future.

The chapters on these topics are typical of the rest of the book. Levine takes the complex subject of credit analysis and explains it in plain language using free and publicly accessible data. Examples of real companies are presented throughout the book to provide more thorough explanations. Plus, the author is up-front about the risks of junk bonds, playing the role of narrator instead of promoter.

We would have liked more detail in the chapter discussing the logistics of bond investing, but our biggest gripe is the size of the text, which some readers may find too small. Kindle and ePub versions of the book are available, however.

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